US tech firms dominated with most December job cuts: Report
2 years ago

US tech firms dominated with most December job cuts: Report

Live Mint  

American technology firms dominated the number of announced job cuts in December, 2022, according to job cuts report from employment firm Challenger, Gray & Christmas Inc, released on 5 January, 2023. The report added that the planned pace of layoffs in December was well above the 19,052 cuts announced in December 2021, and there were 363,824 planned layoffs, up 13% from 2021, for all of 2022. The US tech firms -- facing rising challenges and withering stock prices -- bore the brunt of the planned 16,193 job cuts in December. As per the report, the tech companies led announced job cuts for all of 2022, at 97,171 planned layoffs, up 649% from 2021.

Job Cuts Report  layoffs  job  planned  announced  2022  unemployment  cuts  report  firms  economy  dominated  tech

History of this topic

US jobs market to be hit with massive layoffs in 2025 amid HMPV virus fears? Experts warn ‘not everyone will have….’
2 days, 22 hours ago

US jobs market to be hit with massive layoffs in 2025 amid HMPV virus fears? Experts warn ‘not everyone will have….’

Hindustan Times  

While the US economy recovers from the shock of the coronavirus pandemic, experts have warned that not everyone will have job security in 2025. US jobs: Workers in a variety of industries received more blows in the closing months of 2024, with several layoff declarations for 2025. Amazon, Boeing and Spirit Airlines announce job layoffs Workers in a variety of …

12 Major Layoffs In 2024: Tesla, Google, Dell, Cisco, Intel, Microsoft And More
3 weeks, 4 days ago

12 Major Layoffs In 2024: Tesla, Google, Dell, Cisco, Intel, Microsoft And More

ABP News  

Major Layoffs In 2024: Layoffs have been the talk of the town for the whole of 2024; big firms and small start-ups across the sector and worldwide have announced layoffs this year, leaving employees in a difficult situation. Siemens Layoffs German tech giant Siemens also said that it is considering cutting up to 5,000 jobs globally in its factory automation …

Job openings rose while hiring dropped in October, labor report shows
1 month ago

Job openings rose while hiring dropped in October, labor report shows

Salon  

Job openings and resignations increased substantially in October while the number of hires and layoffs dropped, according to a Tuesday report from the Bureau of Labor Statistics that showed a mixed picture of the U.S. labor market. The increased number of job openings appeared mostly in professional and business services, as well as service and IT industries, jumping by 372,000 …

Layoffs Bloodbath In Big Tech Impacts 150,000 Jobs In 2024 As Industry Suffers: Report
1 month ago

Layoffs Bloodbath In Big Tech Impacts 150,000 Jobs In 2024 As Industry Suffers: Report

ABP News  

The tech industry in 2024 has undergone a major wave of layoffs, with big players in the sector trimming their workforces to streamline their operations. About 150,000 employees have lost their jobs across major firms such as Tesla, Cisco, Microsoft, SAP, and Intel, a report by The Times of India revealed. Intel The tech giant announced that it will trim …

Tech Layoffs 2024 continue as Mozilla, X and Samsung announce fresh round of job cuts
2 months ago

Tech Layoffs 2024 continue as Mozilla, X and Samsung announce fresh round of job cuts

India Today  

As we near the close of 2024, the wave of layoffs in the tech industry shows no sign of slowing down. Following the mass job cuts announced in 2022 and 2023, tech companies have continued to announce additional layoffs throughout this year amid economic pressures, shifting strategies, and the impact of technological advancements like AI. According to Mozilla, the layoffs …

27,000 techies laid off across the globe in August, highest since January 2024
4 months ago

27,000 techies laid off across the globe in August, highest since January 2024

Deccan Chronicle  

Hyderabad: The layoffs in tech companies has witnessed a surge in August, since January 2024. On August 1, Intel CEO Pat Gelsinger announced plans to cut around 15,000 jobs, representing 15% of its workforce. German chipmaker Infineon announced on August 5 that it would cut 1,400 jobs globally, with an additional 1,400 positions being relocated to countries with lower labor …

Tech Industry Sees Layoffs Surge To 27,000 In August, Highest Since January; Here Are The Details
4 months ago

Tech Industry Sees Layoffs Surge To 27,000 In August, Highest Since January; Here Are The Details

ABP News  

The tech industry experienced a major increase in layoffs in August 2024, reaching its highest level of job cuts since January of this year. The surge in layoffs is primarily attributed to substantial reductions at prominent industry leaders like Intel and Cisco, which contributed significantly to the overall increase in job losses. Intel Layoffs Intel spearheaded the wave of layoffs …

Apple Layoffs: iPhone Maker Fires 100 Employees In THIS Department; Check Details
4 months, 1 week ago

Apple Layoffs: iPhone Maker Fires 100 Employees In THIS Department; Check Details

ABP News  

Apple Layoffs: Apple has reportedly reduced its workforce by around 100 positions within its digital services group, signalling a shift in priorities for this key division, according to a Bloomberg report citing sources. The layoffs predominantly affected the team behind the Apple Books app and Apple Bookstore, with further reductions also impacting other service teams, such as Apple News. Layoffs …

Layoffs Impact At Least 8,000 Individuals In India In 2024 As Firms Cut Down Jobs To Reduce Costs
4 months, 3 weeks ago

Layoffs Impact At Least 8,000 Individuals In India In 2024 As Firms Cut Down Jobs To Reduce Costs

ABP News  

Recent data revealed that 32 companies in India have cut down jobs for at least 8,000 people in India till August in the year so far. Layoffs.fyi, a start-up that tracks layoffs across the tech industry globally, found that the highest number of layoffs in the country came from Paytm which announced a job cut for at least 3,500 employees …

Tech Layoffs Continue Worldwide In July, See How Many Indians Felt The Impact
5 months, 1 week ago

Tech Layoffs Continue Worldwide In July, See How Many Indians Felt The Impact

ABP News  

The tech industry has been going through a wave of layoffs and the reduction in workforce has continued in July as well. The data showed that in the year so far, as of July 30, 2024, about 1,90,049 people were let go of from about 380 companies across the world, reported The Indian Express. July began with US-based software firm, …

Salesforce Layoffs: Firm Fires About 300 Employees Amid Restructuring, Says Report
5 months, 3 weeks ago

Salesforce Layoffs: Firm Fires About 300 Employees Amid Restructuring, Says Report

ABP News  

Salesforce Layoffs: Salesforce has reportedly laid off about 300 employees as part of a larger initiative to optimise operations, highlighting the tech industry's ongoing emphasis on cost management. Although constituting a small fraction of the company's overall workforce, these job cuts are the most recent illustration of the tech industry's efforts to manage costs after years of extensive hiring. Intuit …

Indeed layoffs: Careers site cuts jobs of 1,000 workers, CEO says ‘sorry’
7 months, 3 weeks ago

Indeed layoffs: Careers site cuts jobs of 1,000 workers, CEO says ‘sorry’

Hindustan Times  

Careers site Indeed is laying off about 1,000 employees- 8% of its workforce- it said, with the aim to simplify its organization. The company's CEO Chris Hyams took responsibility for the job cuts and said that the firm is still not set up for growth after last year's global slowdown in hiring resulted in declining sales. Indeed layoffs: The latest …

Tech Layoffs: Over 80,000 Employees Lose Jobs Across 279 Firms In First 4 Months Of 2024
8 months ago

Tech Layoffs: Over 80,000 Employees Lose Jobs Across 279 Firms In First 4 Months Of 2024

ABP News  

Tech Layoffs: The technology sector is grappling with a persistent wave of layoffs, which do not seem to be stopping anytime soon. Over the first four months of this year, the sector has seen a significant workforce reduction, with over 80,000 employees reportedly losing their jobs around the world. According to the most recent data from layoff.fyi, a platform dedicated …

Google announces second major round of job cuts in 2024, tech giant says 'change is difficult'
8 months, 3 weeks ago

Google announces second major round of job cuts in 2024, tech giant says 'change is difficult'

India TV News  

In a significant move, tech giant Google has declared plans for major restructuring, potentially leading to employee layoffs. This announcement follows Google CEO Sundar Pichai’s earlier warning about the potential for more layoffs in 2024. Impact on Google employees While Google did not specify the exact number of employees affected by the latest round of layoffs, reports suggest that it …

Google layoffs: Company announces second major round of job cuts in 2024 saying ‘change is difficult’
8 months, 3 weeks ago

Google layoffs: Company announces second major round of job cuts in 2024 saying ‘change is difficult’

Hindustan Times  

Google layoffs: Tech giant Google announced major restructuring plans that could result in some employees getting fired, as per a report. Ruth Porat, chief financial officer at Google, sent a memo to employees informing them about company’s new plans, CNBC reported. Google didn't confirm the exact number of employees being let go in the latest round of layoffs but the …

Tech layoffs this week: Byju’s, Apple, Amazon cut jobs citing downsizing, shifts. More companies to follow?
9 months ago

Tech layoffs this week: Byju’s, Apple, Amazon cut jobs citing downsizing, shifts. More companies to follow?

Hindustan Times  

Tech layoffs 2024: The tech industry saw more layoffs this week as companies are sacking employees across departments. The big companies that fired employees include Amazon, Apple and Byju’s who cited strategic shifts and downsizing as the reason for job cuts in the industry. As per Layoffs.fyi, 235 companies have laid off 57,785 employees in 2024 as in January, 121 …

Why Tech Layoffs are Still Continuing in March 2024, Which Industries are Recession-Proof?
9 months, 1 week ago

Why Tech Layoffs are Still Continuing in March 2024, Which Industries are Recession-Proof?

News 18  

A CEO of a technology company fired hundreds of employees over a phone call. This news is nothing new as several IT companies have been on a firing spree since November 2023, and, unfortunately, the trend is still continuing in March 2024. Tech giant Google has warned its employees to “brace for more layoffs”, as Alphabet removed thousands of its …

IBM layoffs: Tech giant announces job cuts in this division in 7-minute meeting
9 months, 3 weeks ago

IBM layoffs: Tech giant announces job cuts in this division in 7-minute meeting

Hindustan Times  

IBM layoffs: International Business Machines Corp reportedly announced layoffs without informing about the specific number of job cuts. {{^userSubscribed}} {{/userSubscribed}} {{^userSubscribed}} {{/userSubscribed}} This comes as the company's CEO Arvind Krishna said last year that IBM expects to pause hiring for roles which could be replaced with artificial intelligence in the coming years. Tech layoffs in 2024 At least 204 companies …

The jobs market is hot, but layoffs keep coming in a shifting economic environment
10 months, 1 week ago

The jobs market is hot, but layoffs keep coming in a shifting economic environment

Associated Press  

The U.S. economy is humming and there are hundreds of thousands of jobs being added every month. The video streaming platform’s CEO Dan Clancy said in an email to employees that even with cost cuts and growing efficiency, the platform “is still meaningfully larger than it needs to be given the size of our business.” Packaging & Delivery Layoffs UPS …

Job cuts across tech companies are likely to continue
10 months, 2 weeks ago

Job cuts across tech companies are likely to continue

Hindustan Times  

The trend of slashing jobs across businesses over the past few years is catching up with the automation and digitalisation trends. In January 2024, companies in the U.S. announced 82,307 job cuts, an increase of 136% from the 34,817 cuts announced the previous month, according to the global outplacement firm Challenger, Gray & Christmas. The Challenger report for January states …

Cisco Layoffs: Tech Firm To Fire Thousands Of Employees From This Week, Says Report
10 months, 3 weeks ago

Cisco Layoffs: Tech Firm To Fire Thousands Of Employees From This Week, Says Report

ABP News  

The US-based communication technology firm Cisco reportedly intends to trim its workforce to concentrate on areas of growth following the recent trend of job reductions by pears. The company is gearing up for a business restructuring that will result in the termination of thousands of employees, reported the news agency Reuters. However, a source familiar with the matter revealed to …

Layoffs 2024: Tech companies fire 30k employees in January; Paytm, Flipkart lead race in India
11 months ago

Layoffs 2024: Tech companies fire 30k employees in January; Paytm, Flipkart lead race in India

Hindustan Times  

After a major firing spree throughout 2023 in major global tech companies, situation continues to remain bleak for employees across all major departments as over 30,000 tech employees have been laid off in January 2024. Over 30,000 laid off in tech companies in January 2024 According to data collated by Layoffs.fyi, over 30,000 employees have been fired from tech companies …

Job cuts continue in 2024: A look at recent layoffs
11 months ago

Job cuts continue in 2024: A look at recent layoffs

India TV News  

The year 2024 has started with major corporations announcing significant job cuts. Targets for layoffs: Middle managers and remote workers beware In the recent job cut wave, those who are middle managers and remote workers will be particularly vulnerable. Image Source : FILELayoff How can the employees navigate the upcoming uncertainty: Strategies To navigate the uncertainties in the current job …

Tech and retail companies layoffs: Microsoft, TikTok, Google, Macy's and more
11 months, 1 week ago

Tech and retail companies layoffs: Microsoft, TikTok, Google, Macy's and more

Hindustan Times  

2024 has already proven to be a difficult year for layoffs. Here's some tech and retail companies that have laid of employees of late: REI layoffs REI is laying off 357 workers, mostly in the outdoor retailer's headquarters and distribution centers. Levi's layoffs Levi Strauss & Co. is slashing its global corporate workforce by 10% to 15% in the first …

Salesforce cuts 700 jobs in latest tech layoffs: Know more
11 months, 2 weeks ago

Salesforce cuts 700 jobs in latest tech layoffs: Know more

India TV News  

Salesforce, a major enterprise software company, is reportedly cutting around 700 jobs, which is approximately 1 per cent of its workforce of about 70,000 people. Previous Layoffs In January 2023, Salesforce laid off 10 per cent of its workforce, affecting around 7,000 employees, due to global economic conditions. Ongoing Job Losses in Tech Within the first two weeks of the …

From Microsoft to Levi’s, here’s a look at tech and retail companies that have recently made layoffs
11 months, 2 weeks ago

From Microsoft to Levi’s, here’s a look at tech and retail companies that have recently made layoffs

Associated Press  

2024 has already proven to be a difficult year for layoffs. Here’s some tech and retail companies that have laid of employees of late: REI layoffs REI is laying off 357 workers, mostly in the outdoor retailer’s headquarters and distribution centers. In a letter to employees, CEO Eric Artz noted that “outdoor specialty retail has experienced four quarters of decline …

These 46 tech companies layoff 7,500 employees in first 2 week of 2024
11 months, 3 weeks ago

These 46 tech companies layoff 7,500 employees in first 2 week of 2024

India TV News  

It's just two weeks to 2024, and tech companies have already started to lay off employees from the companies. As per the latest data from layoff.fyi, a website that tracks tech sector job cuts, 46 tech companies laid off 7,528 employees. Tech companies, including startups, around the world fired more than 425,000 employees in 2022 and 2023, with more than …

Google Lays off Hundreds of Employees; Assistant, Hardware, Engineering Teams To Be Affected
11 months, 4 weeks ago

Google Lays off Hundreds of Employees; Assistant, Hardware, Engineering Teams To Be Affected

News 18  

Tech giant Google has laid off hundreds of employees across multiple teams, with Fitbit co-founders James Park and Eric Friedman also leaving the company, as the tech giant continues to cut costs, a Google spokesperson told Reuters in a statement. The reorganization of certain teams comes at a time when companies like Microsoft and Google are betting on the rising …

Layoffs run rampant with over 194,000 Americans left unemployed in 2023 so far, recession fears arise- Report
1 year, 5 months ago

Layoffs run rampant with over 194,000 Americans left unemployed in 2023 so far, recession fears arise- Report

Hindustan Times  

According to a report from Forbes, 2023 has brought a storm of layoffs across various industries, with nearly 194,000 American employees finding themselves out of work in more than 150 major layoffs. Nearly 194,000 American employees finding themselves out of work in more than 150 major layoffs in 2023 so far. Tech Takes a Hit Tech companies have faced the …

Layoffs in US: Of over 80,000 job cuts in May, 3900 fired due to AI technology
1 year, 6 months ago

Layoffs in US: Of over 80,000 job cuts in May, 3900 fired due to AI technology

Live Mint  

US companies have announced startling job cuts in May this year, beating the record of 2022, according to executive coaching firm Challenger, Gray & Christmas Inc. US-based employers announced 80,089 job cuts in May as compared to 20,712 layoffs in the same month last year--a massive 287% rise. So far this year, companies have announced plans to cut 417,000 jobs--a …

US job openings dip to 9.6 million, lowest since 2021
1 year, 8 months ago

US job openings dip to 9.6 million, lowest since 2021

Associated Press  

WASHINGTON — U.S. job openings fell in March to the lowest level in nearly two years, a sign that the American labor market is cooling in the face of higher interest rates. The Labor Department’s Job Openings and Labor Turnover Summary, out Tuesday, showed that layoffs rose to 1.8 million, the highest level since December 2020. The number of Americans …

Facebook-parent Meta to lay off 10,000 employees in second round of job cuts
1 year, 9 months ago

Facebook-parent Meta to lay off 10,000 employees in second round of job cuts

The Hindu  

Facebook-parent Meta Platforms said on March 14, 2023 it would cut 10,000 jobs, just four months after it let go 11,000 employees, the first Big Tech company to announce a second round of mass layoffs. "We expect to reduce our team size by around 10,000 people and to close around 5,000 additional open roles that we haven’t yet hired," Chief …

Layoffs 2023: US companies cut more than 180,000 jobs in two months amid fears of global recession
1 year, 9 months ago

Layoffs 2023: US companies cut more than 180,000 jobs in two months amid fears of global recession

India TV News  

A report from Challenger, Gray & Christmas, a firm that provides outplacement services to executives, reveals that in the past two months, a number of companies in the United States have cut jobs due to concerns over a global recession, resulting in more than 180,000 employees losing their jobs. The report also shows that the tech industry has cut a …

The recent layoffs and the future of US tech
1 year, 10 months ago

The recent layoffs and the future of US tech

Hindustan Times  

With the Covid-19 pandemic, although the world had come to a standstill, there was unprecedented growth in the tech industry, as it was embraced by people from all walks of life like never before, resulting in many big tech firms earning unheard-of profits. While Google and Microsoft lost $700 billion each, and Facebook lost $600 billion; Amazon, a public company, …

Tech Layoffs: Over 1 Lakh Employees Lose Job So Far In 2023 Alone; Company-Wise Layoff List
1 year, 10 months ago

Tech Layoffs: Over 1 Lakh Employees Lose Job So Far In 2023 Alone; Company-Wise Layoff List

News 18  

Tech Layoffs In 2023: Citing cost cutting due to macroeconomic pressures, tech companies across the world have resorted to layoffs in the past months. The year 2023 has witnessed mass layoffs by companies such as Google, Microsoft, Salesforce and Amazon, among others. Apart from these, Salesforce laid off 8,000 employees, Dell sacked 6,650, IBM about 3,900, SAP nearly 3,000, Zoom …

Big tech job cuts keep coming; Zoom latest to trim headcount
1 year, 11 months ago

Big tech job cuts keep coming; Zoom latest to trim headcount

Associated Press  

The tech industry started the year with a wave of job cuts, around 50,000 in January alone, and there doesn’t appear to be any let up this month. CEO Eric Yuan said in a blog post Tuesday that the company ramped up staffing during the COVID-19 pandemic, when businesses became increasingly reliant on its service as people worked from home. …

Here are the latest tech layoffs as the industry shudders
1 year, 11 months ago

Here are the latest tech layoffs as the industry shudders

CBS News  

The high-flying tech industry is facing a reckoning as the economy slows and customers pull back on spending. Dell The computer company in February announced it would slash 5% of its workforce due to a "challenging global economic environment." PayPal The digital payments company said in January it was cutting 2,000 jobs, or about 7% of its workforce, as it …

Big tech job cuts keep coming; Dell latest to trim headcount
1 year, 11 months ago

Big tech job cuts keep coming; Dell latest to trim headcount

Associated Press  

The tech industry started the year with a wave of job cuts, around 50,000 in January alone, and there doesn’t appear to be any let up this month. February 2023 Dell: The computer maker reduced its payroll by 5%, or about 6,600 jobs, saying that the steps it’s taken to stay ahead of eroding market conditions are no longer enough. …

Tech industry job cuts come rapidly and in big numbers
1 year, 11 months ago

Tech industry job cuts come rapidly and in big numbers

Associated Press  

In just the past month there have been nearly 50,000 job cuts across the technology sector. August 2022 Snap: The parent company of social media platform Snapchat said that it was letting go of 20% of its staff. Snap’s staff has grown to more than 5,600 employees in recent years and the company said at the time that even after …

Explained | What does the recent wave of tech layoffs mean?
1 year, 11 months ago

Explained | What does the recent wave of tech layoffs mean?

The Hindu  

The story so far: The New York-headquartered International Business Machines Corp. last week became the latest to join the list of tech companies that have made large-scale layoffs since late 2022. This comes on the heels of what has been described as Big Tech’s “midlife crisis” or the clock striking “midnight” on its hyper-growth; technology giants Alphabet, Amazon, Meta, and …

Tech Still Sees Demand Among US Jobseekers Despite Mass Layoffs, Data Shows
1 year, 11 months ago

Tech Still Sees Demand Among US Jobseekers Despite Mass Layoffs, Data Shows

ABP News  

As tech companies continue to slash jobs, the demand for tech positions has not diminished in the US, with eight of the top 10 "best jobs" this year being technology roles. According to data by job portal Indeed, the tech jobs in high demand are full-stack developers at the top spot, followed by data engineers, cloud engineers, senior product managers …

Microsoft profit drops 12% to $16.4B as revenue grows at its slowest pace in six years
1 year, 11 months ago

Microsoft profit drops 12% to $16.4B as revenue grows at its slowest pace in six years

Daily Mail  

A slew of tech companies have announced cost-cutting measures, with Amazon, Apple and Google-parent Alphabet all announcing hiring slowdowns or freezes. Twitter laid off half its workforce across teams ranging from communications and content curation to product and engineering Musk previously said there was no other choice but to impose mass layoffs as the company loses hundreds of millions of …

Tech industry job cuts come rapidly and in big numbers
1 year, 11 months ago

Tech industry job cuts come rapidly and in big numbers

Associated Press  

In just the past month there have been nearly 50,000 job cuts across the technology sector. Large and small tech companies went on a hiring spree in over the past several years due to a demand for their products, software and services surged with millions of people working remotely. August 2022 Snap: The parent company of social media platform Snapchat …

From Microsoft, Amazon, Google to Wipro, a look at major job cuts in January
1 year, 11 months ago

From Microsoft, Amazon, Google to Wipro, a look at major job cuts in January

Firstpost  

While all firms may not be on Layoffs.fyi list, here is a look at the major job cuts in IT, IT services and other sectors in January 2023 New Delhi: From Google, Amazon to Microsoft, the first three weeks of January have already witnessed layoffs of 55,970 employees across 173 companies around the world, as per data on job cuts …

Amidst thousands of job cuts #layoffs trends on Twitter, sparks meme fest
1 year, 11 months ago

Amidst thousands of job cuts #layoffs trends on Twitter, sparks meme fest

Firstpost  

After a legion of job cut reports has set the internet ablaze, needless to say, it has sparked a meme fest, as #layoff and #layoff2023 are trending on Twitter The reports about mass layoffs don’t seem to be dying down anytime soon. After a legion of job cut reports has set the internet ablaze, needless to say, it has sparked …

Google axes 12,000 jobs as layoffs spread across tech sector
1 year, 11 months ago

Google axes 12,000 jobs as layoffs spread across tech sector

Associated Press  

LONDON — Google is laying off 12,000 workers, or about 6% of its workforce, becoming the latest tech company to trim staff as the economic boom that the industry rode during the COVID-19 pandemic ebbs. Tech companies that “not long ago were the darlings of the stock market” have been forced to freeze hiring and cut jobs in preparation for …

Google cuts add to tech wipeout that’s claimed over 100,000 jobs
1 year, 11 months ago

Google cuts add to tech wipeout that’s claimed over 100,000 jobs

Live Mint  

Alphabet Inc.’s plan to reduce headcount by more than 6% — about 12,000 roles — is adding to mass job cuts that are accelerating at technology companies around the world. Alphabet Google parent Alphabet announced it will cut about 12,000 jobs, more than 6% of its global workforce, in a move that will affect roles across the company. TCI Fund …

Google is cutting 12,000 jobs, adding to a series of Big Tech layoffs in January
1 year, 11 months ago

Google is cutting 12,000 jobs, adding to a series of Big Tech layoffs in January

NPR  

Google is cutting 12,000 jobs, adding to a series of Big Tech layoffs in January Enlarge this image toggle caption Jeff Chiu/AP Jeff Chiu/AP Google is the latest tech giant to announce a massive layoff: the company announced on Friday that it is slashing about 12,000 jobs. The company already has notified affected employees in the United States, CEO Sundar …

Google axes 12,000 jobs as layoffs spread across tech sector
1 year, 11 months ago

Google axes 12,000 jobs as layoffs spread across tech sector

LA Times  

With the layoffs, Google joins a host of other tech giants that have drastically scaled back operations amid a faltering global economy and high inflation. Tech companies that “not long ago were the darlings of the stock market” have been forced to freeze hiring and cut jobs in preparation for an economic downturn, said a note from Victoria Scholar, an …

Job cuts in tech sector spread, Microsoft lays off 10,000
1 year, 11 months ago

Job cuts in tech sector spread, Microsoft lays off 10,000

Associated Press  

Microsoft is cutting 10,000 workers, almost 5% of its workforce, joining other tech companies that have scaled back their pandemic-era expansions. The company said in a regulatory filing Wednesday that the layoffs were a response to “macroeconomic conditions and changing customer priorities.” The Redmond, Washington-based software giant said it will also be making changes to its hardware portfolio and consolidating …

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